Your exposure to risk
Knowing your risk exposure is vital. While the Moreton Bay region may be affected by a wide range of hazards, the following typically have the highest associated risks that can impact your business.
What impacts can a disaster have?
The following disaster impacts can lead to a significant loss of income, reputation, operation and disruption of business cash flow:
- health - physical injuries, mental health, customers, staff, suppliers and contractors
- asset damage - buildings, vehicles, machinery, electrical and equipment
- stock loss - perishables, produce, livestock and inventory
- communications - phones, servers, marketing, cloud storage and internet
- security - surveillance, access control and cyber
- logistics - goods delivery and supply chain
- reputation - delays, non-fulfilment, public relations and social media
- access issues - customers, workforce and support agencies
How to minimise the impacts of a disaster
A business continuity plan (BCP) can ensure you resume critical business activities in a disaster or crisis.
A business continuity plan has four core considerations:
Prevention
Know your risks and understand what hazards are likely to impact your business. Prepare a risk management plan to understand and reduce the effects of different disasters.
Preparedness
Conduct a business impact analysis to know which processes will be disrupted by a disaster, their maximum acceptable outages and the time for you to react and resume operation.
Response
Prepare an incident response plan will allow you to be organised when disaster hits, minimise impacts and continue to operate at an acceptable level.
Recovery
Develop a recovery plan will set a pathway to recover and reduce the time for you to resume your standard operation.
Find out how to prepare a business continuity plan.